Beijing threatened to retaliate against the US and signaled it won’t back away from its cooperation with Iran after the Trump administration’s latest sanctions targeted businesses in China and Hong Kong. Bessent unveiled dozens of new sanctions on entities, individuals and vessels, but the main thrust of a high-profile press conference was threatening so-called secondary sanctions against companies and countries that continue doing business with Iran.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade | 8/25/2026
00:01:52 – Bessent’s Iran ‘D-Day’ Threat
00:04:44 – Canada Prepares Tariff Response
00:06:48 – Stock Futures Rise After Chip Slide
00:12:17 – Bessent Plan Risks Collision Course with China
00:14:30 – Derek Halpenny of MUFG
00:21:16 – Need To Know: Siemens, Burnham
00:25:45 – Henrietta Pacquement of Allspring
00:34:38 – Nvidia’s 7-Day Losing Streak
00:38:10 – MLIV
00:41:48 – Stocks To Watch
00:47:36 – The Market Open
00:50:22 – Shanit Kelemen of 7IM
00:59:15 – Core 6 & Movers
01:04:00 – China Repeats It Would Respond to Sanctions
01:06:32 – Trump Vows to Double Canadian Auto Tariffs
01:15:29 – David Rees of Schroders
01:22:03 – Hormuz Shock Shows Gulf Energy Trade Can Adapt
01:27:24 – Climate Risk to London Luxury Homes
01:30:18 – Daybook
——–
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